Crude oil extends upward

Crude oil comes out of the support

Price of Crude oil

Crude oil

Crude oil is one of the most important trading tools in the energy sector, which is exposed to global market conditions, geopolitical risks and economic vulnerabilities. The device is systematically based and located in the global economy. Crude oil has been found to be a unique alternative for traders in terms of volatility and the effectiveness of both swing trading and long-term strategies. Despite its popularity, crude oil is a complex investment tool because of the high volatility, fears, and politics coming from OPEC. The Organization for Petroleum Exporting Countries (OPEC) acts as an intergovernmental organization of 13 countries, helping to develop and control the global oil market. Its exposure through other devices. This includes energy stocks, USD / CAD and other investment options. Crude oil itself is sold in two markets, including West Texas Medium Cruise (WTI) and Brent Crude. Brent has become more reliant on indexes in recent years, and WTI is more likely to trade in futures trading when writing. Crude oil can move in a variety of ways, except for geopolitical events or OPEC decisions. The most basic is through simple supply and demand, which has an impact on global production. Industrial growth, economic prosperity, and other factors play a role in inflation. Extensions, economic downturns, locks or other bottlenecks can affect the price of raw materials. For example, an abundance of supply or a reduction in demand for the above reasons will result in lower crude prices. This is due to the fact that crude oil is traded by futures or other manufacturers. If it is to be promoted or produced, merchants will increase in price, thus increasing prices.

Crude oil is one of the most important trading tools in the energy sector, which is exposed to global market conditions, geopolitical risks and economic vulnerabilities. The device is systematically based and located in the global economy. Crude oil has been found to be a unique alternative for traders in terms of volatility and the effectiveness of both swing trading and long-term strategies. Despite its popularity, crude oil comes from OPEC and is a complex investment tool in terms of political fluctuations, risks and impacts. The Organization for Petroleum Exporting Countries (OPEC) acts as an intergovernmental organization of 13 countries, helping to develop and control the global oil market. Its exposure through other devices. This includes energy stocks, USD / CAD and other investment options. Crude oil itself is sold in two markets, including West Texas Medium Cruise (WTI) and Brent Crude. Brent has become more reliant on indexes in recent years, and WTI is more likely to trade in futures trading when writing. Crude oil can move in a variety of ways, except for geopolitical events or OPEC decisions. The most basic is through simple supply and demand, which has an impact on global production. Industrial growth, economic prosperity, and other factors play a role in inflation. Extensions, economic downturns, locks or other bottlenecks can affect the price of raw materials. For example, an oversupply or a reduction in demand for the above reasons will result in lower crude prices. This is due to the fact that crude oil is traded by futures or other manufacturers. If it is to be promoted or produced, merchants will increase in price, thus increasing prices.
Read this article It continues to rise. The current price is trading at 19.92, an increase of three dollars a day. The highest price ever reached $ 110.25 earlier today. The minimum price is set at $ 104.50.

Looking at the chart above, the recent low prices have stopped falling between 103.821 and 105.16. The lowest rebound rate of 61.8% since February 18 is 104.83 in that area.

See 50% intermediate point of the same range at the top 109.73. It would be wiser to move upward.

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